U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation.U.S. Treasury Secretary Janet Yellen talked about cryptocurrency in an interview with CNBC Friday.
When asked about whether she is still skeptical about crypto, the treasury secretary commented: “I have a little bit of skepticism because I think there are valid concerns around it. Some have to do with financial stability, consumer-investor protection, use for illicit transactions, and other things.” She added:
On the other hand, there are benefits from crypto and we recognize that the innovation in the payment system can be a healthy thing. “We would like to come out eventually with recommendations that will create a regulatory environment” for healthy innovation, she opined. Earlier this month, Yellen revealed that the Treasury will monitor crypto to see whether it is being used to evade sanctions by Russian individuals and entities. “We will continue to look at how the sanctions work and evaluate whether or not there are leakages, and we have the possibility to address them,” she
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Just leave the government out of crypto! Everything they touch turns to shit
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Western world = adopting it Dictatorships = ban it.
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Still her opinion doesn’t matter to me 😜
It's really wonderful to see the United States of America embrace Bitcoin like this. Imagine how valuable BTC will be when it's legal tender nationwide. Thanks to Gaofyork a professional in the space, his tweets, tips and predictions have been really helpful in the space.
That’s why I created it.
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If these players say Bitcoin is bad you say it's bullish because you want the opposite what these people want. But when they say something positive you say it's bullish. Pathetic
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She gets it as well as me since I was early changing my fiat to tether and then spending it on bitcoin.
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How's that GoVerNmeNt Bitcoin bAn coming? ¯\\_(ツ)_/¯
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Treasury Secretary Janet Yellen who has been skeptical about cryptocurrency, is now saying that crypto has grown and plays important role in the investment decisions of lots of Americans. This is coming after POTUS signed an EO to study and regulate crypto. Bullish news
The look on her is unmistakably the same as the look of some teenagers who just yolo-ed their life savings into bitcoin. Who knew?
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She leaves out the important part where she is thinking 'only if we can control it, tax it to death, and monitor you'
simonsaysz Janet Yellen is lying to everybody. It’s what they do so they can keep working behind the Scenes to Control everything and push forward there agenda. Just give us time so we can screw you , we are behind u do u feel it now .lol vote these people out , so they are forgotten .
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Someone gave her a Bitcoin 🤣
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governments will buy as much BTC as they can, and then the games will start.
Translation: We BTFD.
She’s just toning it down before the clamp down.
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Good to see some crypto lobbyist finally infused some money into this dinosaur
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great. to the crypto community please try to bring her on board not antagonize her. it would be great if some of the crypto leaders made nice to her and had a conversation.
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